How to Stop an IRS Levy on A Bank Account

When people are banking their money, the least they expect is to get deductions being made from their accounts without their consent. It is important that people keep looking into their bank accounts and ensure that their transactions are clear and that there is no IRS levy being deducted from their accounts. In the event they find that they are paying the IRS levy, the best thing they can do is to consult us, and we will stop the bank from making the deductions. In most instances, the IRS levy is usually deducted on overdue taxes.

There is usually one or no warning then the levy is starting to be deducted. That makes the exercise to be disruptive, surprising, and alarming. That is because they cut a significant amount, which can greatly inconvenience your finances because they come as a surprise. In some extreme instances, a singe IRS warning can be followed by freezing all the money that you have in the bank. You are not going to be aware of the freezing until it is done on all your bank accounts. In most instances, many bank account owners know that their money has been frozen after they find themselves in a cash register or their cheque bounces. Check out Precision Tax Relief for the best tax services or read more details at https://www.precisiontax.com/services/irs-levy/wage-levy.

If you find no funds in your account, one of the most common possibilities is that your money has been frozen due to IRS levy issues. You can easily see how we can solve your issue here in an under one-minute demo. Make sure that you reach out for professional assistance by giving us a call or reaching us through other means. Your bank is usually notified to hold your funds for 21 days by the IRS levy collection. That is the perfect time for the bank owner to act and resolve your tax issues.

During the 21 days, the account owner can choose to make full payment of the tax, all interests, and any other penalty they may be facing. If you do not have that option, make sure that you reach to us, and we will negotiate with the officer in compromise so they can release the bank levy. That will be made by establishing that the bank levy is bringing you economic hardship and prove that the statutory period for collecting the IRS levy had ended before way before the levy was served. Continue reading more on this here: https://www.huffpost.com/entry/most-important-tax-tip_n_5a71ec48e4b0ae29f08d2b1f.